Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-07-02
RRTIRV on TRADE.
Summary Of Satisfactory
Reports from Various
Lines OF Business.
Much Talk Occasioned by
the Atchison's Alame-
da Purchase.
THE ENTOMBED MINERS.
Naval Cadets Start for Hon.
olulu to Join the Adams.
House Of Lords Bnlea Paaiae-Cat IN
Rates-Reply TO Charges-Bat 0Ae
Steamer 10 Ysqaiaa-Purehassa
BY IndivIaaals-Initial ship
meat TO HOngkosg.
THE ENTOMBED MINERS.
Naval Cadets Start for Hon
olulu to Join the Adams.
Az KxHAusrTyE REsuMn or BUSINESS
N TIE UNITKD STATES.


n TIE UNTTKD STATES.
NRw YoaK, June S0.-R. G. Dun 4
o.. In their weekly review Of trade say
The weak hes been one of satisfaction
10 the buEineas for the season, but ons
or unusual Disturbances in speculatio1
circles. Liquidation has reached ths
stock market. A weak ago. even While
this review Vas being written, sharp at
tacks began. Recovery was especially
rapid, baf the hesitation In prices thil
week, notwithstanding very favorabls
reports Of earnings, indicate thai The
process Of liquidation may not in oil
directions have been completed. Al
their lewest the stocks we're down %
the Level Of January last as their high
est In May had accurately coTresponded
With thsir higbest average before the
break In Deoembeg.
The corner in June wheat at New
York has succeeded as completely as
the Chicaeo corner failed, and
the prices made been 90 paIpao-
ly artificial that June delivery
sold on the last day Of the menth 221f
cents above the same grade for July.
N0minally cash wheat fell n cents on
Friday, though the actual price for other
uses than the settlement OF speculative
contracts Was not above 661< cents on
Tuesday and ssh on Friday. The Chi
caeo market has been quiet with east
ward shipments Of 100000 bushels,
cFowding the lake lines TO their full
capacity. June exports have been large,
bat the stock carried over to the new
crop year will not be much below $5,000.-
0n0 h1ahala In awaean ~ eha rniniranr,s
and crop reports are generally favor
able, though q prolonged drought In
some parts Of the Northwest caused ap
pfebension and less yield.
From Omaha and some other points
come the reports that the real estate
excitement has abated, though prices
are maintained and large sums are be-
ing expended in building. IL was esti-
mated some weeks ago from returns at
New York, shat where the proportion OF
new buildings in i've months has been
AL per cent. Of assessed value, the val
uation OF the real estate wheFeon that
sum Ia thus invested throughout the
country must be very large. Sufficient
returns for i've months from thirty Ave
cities Of all sizes and in various parts OF
the country, nov show shat the value Of
nsw buildings In that time was 4.l2 per
cent of the assessed valuation Of all real
estate there In 1880, and the TIRE nsfers Of
property we're IS per cent. at all peints,
against IA per cent. at New York.
These figures would point to an ex-
penditure on buildings OF 8 800. 600. II
the same activity should last through
the year, IL need not be added that the
reaction and diminished activity are TO
be expected.
Much available money has been
turned into AXed capital. largely In
railroad buildings. Though the returns
disappoint those Who expected larger
mileage completed this year than In
1882, 90 far mileage ls 600 above that Of
last year TO date, bat about 800 miles
below the oompleted work on this day
in 1880, 1881, or 1888, aud 25e0 below
the record Of 1882. May and June re-
turns exceed last years bat little, but
the new securities listed at the Stock
Exchange this year largely exceed the
&1S2, ,000. 600 In ssook and &133, ,0O0, 600 in
bonds, which In part accounts for the
hesitation In prices.
The general reports are almost with
out exception satisfactory, trade being
good for this time of year. Collections
are fair and better and money 10 In res
sonabIe supply at ell interior points.
The disasters at Chicago and Oincin-
uati seem 10 have had little effect else
where. A most encouraging feature is
the settlement 90 10 wages in iron man
ufaetufe, on @ 10 per cent. advance, and
the closing Of the buildsFs' strike ct
Chicago, the shoemskeFe' strike In
A. - "a hA
strike at Cleveland. Ths coke strike
still keeps the coke furnaees Idle, and
the stocks Of iron west of the mountains
are thought TO have fallen from 194. .076
tons on May LIST TO 10000 tons IN June.
An advance IN August is hoped for and
old rails have risen daring the past
week.
The coal output for the half year will
excted by l500 tons the largest previous
outpus, and an advance In prices is
again predicted. In most ether branches
Of trade the condition 70 reported salts
factory for this season. Monetary
anxisties continue, however. The bauk
surplus has never been as low as 81 this
time Of any previous year, and the
treasury has taken in 81, ,60. 900 gold
vhile putting out IS, ,400. 900 in caFreney.
The heaviest withdrawal OF bank bonds
ever reported on o single day naturally
attends the maturing Of the last call for
three e-per-cents, and the treasury Of
Acisls are disappointed because the nsu
deposits for circulation reach only
el ,00o.0o0.
The one open supply Of money Is the
London market, bat recent events have
caused some sales Of stocks on foreign
socoant, and merchandise exports fFsm
Nsw York fall 8 per cent. below, while
imports rise is per eent. ahJvs those Of
l. - unaw fnR Tnma